Unbridled Energy Corp. (TSX-UNE) Provides Update Regarding Canadian Operations and Appalachian Basin
Unbridled Energy provided an update on its Option Well, located at 16-21-41-11 W5M ("16-21") in the gas and condensate Chambers/Ferrier area, northwest of Calgary. Openhole logging was performed, a production liner run, and cemented. The company experienced a considerable cost savings by drilling the well in shorter than expected time. The 16-21 option well encountered many gas shows and formations in the basin-centered gas resource play. The Company and its joint venture partner plan to conduct completion operations and testing early next month. Unbridled Energy is also in negotiations with an Appalachian Basin operator to partner on drilling multiple test…